Consistent Change in Accounting Method for Stock Valuation Not Grounds for Adverse Inference Against Taxpayer.

Method of accounting - Change in method valuation of closing stock – if there is a bona fide change in the method of accounting which is consistently followed, no adverse inference can be drawn against the assessee. - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X